Schlumberger Ltd. agreed to buy Cameron International Corp. for $14.8 billion, allowing the world’s largest oilfield-services provider to bundle its services and gear more effectively.
Cameron stockholders will receive 0.716 Schlumberger shares and a cash payment of $14.44 in exchange for each Cameron share, according to a regulatory statement on Wednesday. The deal valued at $66.36 a share is a 56 percent premium to Cameron’s closing share price on Tuesday.
The agreement would help Schlumberger become a one-stop shop for crude explorers, adding Cameron’s valves, pumps and blowout preventers to its in-house engineering expertise. The slump in oil prices over the past year has forced oil companies to cut back on costly exploration and investment, fueling competition among service providers for a chunk of that shrinking spending.
Brazil Energy Insight 
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